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Entrepreneurial Skills

Horticulture · Level 6  ·  6 Chapters

Compiled by: Ann Muriuki

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What Entrepreneurial Skills covers

Money comes before the first seedling in Entrepreneurial Skills at Horticulture Level 6: budgeting, saving, managing debt, investing and insurance. The unit then distinguishes entrepreneurs from business persons, lists their types and traits and compares salaried work with self-employment. Sources of business ideas, tests of viability and the business life cycle lead to the legal topics of ownership, registration, contracts, employment and tax. Innovation covers creativity, entrepreneurial linkages and ICT. Learners finish by writing, presenting and incubating a complete business plan.

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Careers after Entrepreneurial Skills

This unit prepares you for self-employment in horticulture and for supporting an owner who already runs a business, with money, legal, innovation and business planning skills.

  • Greenhouse vegetable producers in Ol Kalou - you plan finances, register the enterprise and prepare a business plan.
  • Seedling and nursery businesses in Sotik - you test whether a business idea is viable and follow the life cycle of the enterprise.
  • Produce aggregators in Kabarnet - contracts, employment laws and taxation affect how you buy, hire and sell.
  • Staff of established horticulture firms in Chuka - you contribute to budgeting and use ICT for business growth.
  • Fruit processing start-ups in Rongo - creativity and linkages with partners help you present and incubate your business idea.

The business plan you write in this unit is the document you work from, whether you are starting a venture, pitching to partners or joining an existing firm.

Chapters

1
Apply financial literacy
13 topics
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2
Apply the entrepreneurial concept
8 topics
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3
Identify entrepreneurship opportunities
3 topics
Open chapter →
4
Apply business legal aspects
5 topics
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5
Innovate business strategies
4 topics
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6
Develop a business plan
9 topics
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What Entrepreneurial Skills covers: 42 main topics in 6 chapters

1. Apply financial literacy

  1. 1.1 Personal finance management
  2. 1.2 Balancing between needs and wants
  3. 1.3 Budget Preparation
  4. 1.4 Saving management
  5. 1.5 Factors to consider when deciding where to save
  6. 1.6 Debt management
  7. 1.7 Factors to consider before taking a loan
  8. 1.8 Investment decisions
  9. 1.9 Types of investments
  10. 1.10 Factors to consider when investing money
  11. 1.11 Insurance services
  12. 1.12 insurance products available in the market
  13. 1.13 Insurable risks

2. Apply the entrepreneurial concept

  1. 2.1 Difference between Entrepreneurs and Business persons
  2. 2.2 Types of entrepreneurs
  3. 2.3 Ways of becoming an entrepreneur
  4. 2.4 Characteristics of Entrepreneurs
  5. 2.5 salaried employment and self-employment
  6. 2.6 Requirements for entry into self-employment
  7. 2.7 Roles of an Entrepreneur in an enterprise
  8. 2.8 Contributions of Entrepreneurship

3. Identify entrepreneurship opportunities

  1. 3.1 Sources of Business Ideas
  2. 3.2 Factors to consider when evaluating business opportunity
  3. 3.3 Business life cycle

4. Apply business legal aspects

  1. 4.1 Forms of business ownership
  2. 4.2 Business registration and licensing processing
  3. 4.3 Types of contracts and agreements
  4. 4.4 Employment laws
  5. 4.5 Taxation laws

5. Innovate business strategies

  1. 5.1 Creativity in business
  2. 5.2 Innovative business strategies
  3. 5.3 Entrepreneurial Linkages
  4. 5.4 ICT in business growth and development

6. Develop a business plan

  1. 6.1 Business Description
  2. 6.2 Marketing Plan
  3. 6.3 Organizational/Management Plan
  4. 6.4 Production/operation plan
  5. 6.5 Production/operation plan
  6. 6.6 Financial plan
  7. 6.7 Executive summary
  8. 6.8 Business plan presentation
  9. 6.9 Business idea incubation

Revise this unit

Exam-style questions 84 Written to CDACC standard, with answers Test yourself 244 Multiple-choice, one at a time Practise questions 182 Quick recall — check you know the facts
3 more for this unit
Oral exam preparation 61 What the assessor asks, and how to answer out loud Worked calculations 31 Step-by-step maths with the common mistakes Quick cards 1,172 Myth busters, skill tips and scenarios

Beyond the syllabus

Decision simulator 6 On site, what would you do? Workplace scenarios 101 Real site situations — what would you do? Turn this into income 60 Where this skill earns — what to charge, how to find clients

Other units in Module IV